1751 Citracado Parkway #Spc 244
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1751 Citracado Parkway #Spc 244

Atop 10%

Escondido, CA 92029

$257,000

Pass at asking: -$117/mo full cashflow at 20% down, 7.36% rate.

Works at $241,714 (6% under asking), or at 27% down.

Rent $2,399/mo: model estimate from bedrooms, size and zip.

Beds

2

Baths

2

Sqft

1,248

Year Built

1979

Days on Market

160

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

ND26123339

This property is in Escondido (92029). Browse neighborhood analytics →

Virtual Tour

About This Property

Spc 244 in the CASA DE AMIGOS SENIOR PARK IS A 2 BR 2 BA that has been FRESHLY PAINTED -- BOTH INSIDE & OUT. The ROOF is only 4+ YEARS OLD. NEW FLOORING, NEW VANITIES IN BOTH BATHROOMS. NEW MIRRORS, and LIGHTING as well as many other UPGRADES have been made. NEW PORCH CARPET, NEW KITCHEN APPLIANCES, FRONT DOUBLE PANED WINDOWS and ALL APPLIANCES CONVEY. The LARGE LAUNDRY ROOM provides a SPECIAL PERK as it has a BUILT IN DESK and CABINETS that provide EXTRA STORAGE in the home. The PRIVATE BACK YARD is a landscape waiting for a Buyers touch or leave as is for a LOW MAINTENANCE YARD. Mature trees line the both sides of the property providing excellent privacy whether you want to relax in your home or in the yard. In addition, this home is in Casa de Amigos Senior Mobile Home Park, where you own your home, but lease your space. Casa de Amigos Senior Park boasts "walking paths", tall fir trees and large boulders that are throughout the PARK. The PARK has a Large Clubhouse, swimming pool ; and is an easy drive to the COASTAL BEACHES. State of the Art, PALOMAR HOSPITAL is 2 miles from the home, as well as, local LAKE HODGES, eateries, grocery shopping, home improvement stores & other retail businesses. Home is 10 minutes from Rancho Santa Fe; 25 minutes to Del Mar and LOCAL BEACHES. So why not come and take a look what might be your next home to come, relax and enjoy life.

Mortgage Calculator

Est. Monthly Payment

$1,750

Principal & Interest$1,418
Property Tax$257
Insurance$75
%($51,400)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bernardo Elementary · grades K-5 · Escondido Union

  • Middle

    Bear Valley Middle · grades 6-8 · Escondido Union

  • High

    San Pasqual High · grades 9-12 · Escondido Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

92A
Est. Monthly Rent
$2,399

Model estimate from bedrooms, size and zip

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$649
Full Cashflow

Incl. vacancy, PM, maint, capex

-$117

What would make this work?

$117/mo short at 20% down; 27% down or +$152/mo rent closes it.

Break-even price

6% under asking

$241,714
Break-even rent

$152/mo above the estimate

$2,551/mo
Cashflow at 35% down
+$149/mo
Down payment to break even

$69,390 cash

27%
Rate to break even

at 20% down

6.51%

Mortgage (P+I)
$1,418
Cap Rate
6.64%
Cash-on-Cash
-2.73%
DSCR
1.37

NOI (Annual)
$17,052
Price-to-Rent

Lower = better for investors

8.9

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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ACashflow−$117/mo